All Forum Posts by: David Pack

Hello everyone, I'm looking for a RE agent that can give me a MLS list for residential multifamily both for sale and foreclosures. Ideally, the RE agent is familiar with the VA loan. I'm looking to live there as a first time home owner using my VA loan. Thanks.

I was thinking the same thing and wanted input on that as well. I guess the airbnb aspect can be my first step into learning how to be a landlord, but still undecided at the moment.

So my plan is to utilize the VA loan and wrap the closing cost as well with 0% down loan. The only fee would be the lending fee, which is roughly 2.5% of the loan. The total loan would be roughly 300k for a 4 bed 3br. The plan is live in one room and rent the other three rooms on airbnb in CO Springs. After looking at some resources (craigslist, zillow, airbnb) I think I can rent each for for roughly $650 before airbnb fees (service,cleaning,etc). Total mortgage cost would be near 2k monthly, while total rental income before taxes would be $1950. Does this sound like a feasible plan for someone who has never purchased real estate and wants to start? CO springs recently passed an ordinance for short term rentals, which I don't fully grasp either. CO springs seems like a good place for low vacancy due to domestic migration and tourism, but please let me know if am misinformed. All advice would be appreciated.

Hey everyone this is my first post. I'm very new to the idea of rental properties and after some initial research I would ideally like to house-hack a MF south of Aurora. I say south as it seems like its away from the ghetto of Aurora? Please correct me if I'm wrong, I am not a native there. I guess my big questions are if there are any residential MF in the Aurora area as I do not have access to the MLS and if it is possible to create a house hack situation there. I've even thought about getting a SF and possibly air bnbing the rooms out as well. Housing is significantly higher in CO, but I would like to make my investments work there as I plan on moving to Aurora for work in the near future. Any and all advice will be appreciated. Thanks. *Side note I have access to the VA loan as a recent Army vet.